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Thai event firm prioritises Myanmar in its overseas expansion

Despite the reluctance of many foreign companies to invest large amount of money in Myanmar in fear of policy uncertainty, Index Creative Village Plc is expanding its business in the country, according to Kreingkrai Mek Kanjanapokin, founder and Group CEO of the company. “We are focused 100 per cent on Myanmar because it is the […]

Myanmar next stop in China-Japan rivalry as frontier market opens doors to yuan and yen payments

Myanmar has officially permitted the use of the Chinese and Japanese currencies in cross-border payments, as the Asian giants vie for dominance in one of the region’s last frontier markets. The directive means that the yuan and yen join the euro, the US Dollar and the Singaporean dollar as designated currencies for settling international trade […]

Myanmar plans smart city in Thilawa SEZ

The Thilawa Special Economic Zone Management Committee said it plans to invite foreign developers to set up a smart city in the Thilawa SEZ. Japan has proposed drafting a master plan for the project, and the plan is expected to be finished within this year. The proposal came up during a workshop on Implementation of […]

Govt counting on Asian travellers to boost tourism

Myanmar’s tourism sector has borne the brunt of the Rakhine refugee crisis, with growth in tourist arrivals dropping to 1 percent in 2018 compared with 7.1pc in 2017, according to the World Bank. The number of western tourist arrivals fell the most, more than offsetting arrivals from Asia. The numbers reflect reports of booking and […]

Myanmar wins award for research on biomass production

The Myanmar Aerospace Engineering University was selected among participants from 182 countries as this year’s winner of the Energy Globe Award in Japan. Myanmar’s research presented the concept, design and construction of the device for thermogravimetric measurements alongside the results from tests carried out on wood pellets. The main objective is to study the viability […]

Myanmar to make electric buses

Modulo electric buses will be manufactured locally under a partnership between No 1 Heavy Industry Enterprise from the Ministry of Industry, Green Power Myanmar Co Ltd, and Csepel Holding Limited of Hungary. The Myanmar Times interviewed U Tin Maung Kyin, CEO of Green Power Myanmar Co Ltd regarding the implementation plans. Production is planned to […]

Japan wakes up to exploitation of foreign workers as immigration debate rages

Twenty-seven-year-old War Nu left her village in central Myanmar at the end of last year bound for Japan. She had borrowed nearly $3,000 to pay an agent for a job in the garments industry here, lured not only by the offer of much higher wages but also by the chance to learn new skills in […]

12 applications for first phase of Yangon highway project

The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]

China and Japan in Myanmar

Since 2015, Myanmar has been heading toward a market approach. There is also huge potential for the country to upgrade its structure with China, and also within the rest of the country. Things have been moving in the right direction. China and Japan have been assisting Myanmar’s Government despite the Rohingya crisis Myanmar is a […]

Volvo builds foundations for growth in Myanmar

As Myanmar’s economy opens up, international car brands are increasingly looking to the country’s potential as a promising market. Among the brands leading the way is the famous brand Volvo. Volvo entered the Myanmar market in February 2017 and signed up Performance Auto International Co Ltd (Volvo Myanmar) as the importer and distributor of the […]